Big fish Business
CAR REFINANCE
LET’S KNOW ABOUT OUR SERVICES
Car Refinance Service
Maximize your savings and improve your financial situation with Bigfishbusiness’s Car Refinance Service. Refinancing your car loan with us can help you secure a lower interest rate, reduce your monthly payments, and adjust your loan terms to better suit your needs.
Car Refinance Eligibility
Car Refinance Eligibility Criteria for Top Banks :
- Age: Generally 21-65 years.
- Income: Minimum monthly or yearly earnings.
- Employment: Stable job with experience (1-2 years).
- Credit Score: Good score, often 680 or higher.
- Documentation: ID, address, income proofs, car papers.
- Loan Amount: Based on income and repayment ability.
- Debt-to-Income Ratio: Consideration of existing debts.
- Paid EMIs: Car owners who have paid at least 12 EMIs on an active car loan.
For Self-Employed Individuals
- Individuals who are at least 25 years old at the time of application and no older than 60 at the end of the loan tenure.
- Those who have been in business for at least two years.
- Should earn at least Rs. 2,50,000 per year
- Individuals who own a car have paid at least 12 EMIs if there is an active loan.
Factors Affecting Car Refinance Eligibility :
- Credit Score
- Income Level
- Employment Stability
- Debt-to-Income Ratio
- Age of Car
- Loan Amount Requested
- Down Payment Amount
- Loan Tenure
- Credit History
- Existing Financial Obligations
Documents required fo Car Refinancing ?
You will be asked to submit papers suggested by your lender to show your eligibility and competence for a New Car Loan To begin the Loan procedure, keep the following documents on hand to obtain a Loan as soon as possible.
List of Documents Required
- KYC documents (Valid Photo ID Proofs)
- PAN Card
- Last 2 years’ ITR as proof of income (for self-employed individuals)
- Salary Slip (latest 3 months)
- Salary account statement (latest 6 months)
- Signature Verification Proof
- Registration Certificate of the Car
- Loan track (if there is an active loan on the car)
- Car Insurance
Why choose Our Car Refinance Service ?
Lower Interest Rates: Take advantage of our competitive interest rates to significantly reduce your monthly payments and overall loan cost.
Flexible Loan Terms: Customize your repayment schedule with flexible terms that align with your financial goals and budget.
Quick and Easy Process: Enjoy a hassle-free refinance experience with our streamlined application process and fast approval times.
Personalized Support: Our dedicated team of financial experts will guide you through every step, ensuring you understand all your options and make the best decision for your situation.
Transparent Transactions: Experience complete transparency with no hidden fees, giving you confidence and peace of mind throughout the refinancing process.
How It Works ?
Evaluate Your Current Loan: Provide us with the details of your existing car loan so we can assess potential savings and benefits from refinancing.
Receive a Personalized Offer: Get a customized refinance offer with improved rates and terms tailored to your financial needs.
Simple Application Process: Complete our easy application process, and our team will handle the paperwork for a smooth and efficient refinancing experience.
Enjoy Your Savings: Once approved, you’ll start benefiting from lower monthly payments and better loan terms, helping you save money and manage your finances more effectively.
Refinance your car loan with Bigfishbusiness today and take control of your financial future. Contact us to learn more and start the process of lowering your payments and saving money.